Let’s say about a year from now the S&P 500 were to drop 18% in one day, the result of a terrible Wall Street mishap. Over the subsequent three months, the index would give up just under 40% of its value.

Naturally, I’d worry about how planning clients will react. One client who I’m especially worried about is, well, me. Will I panic and retreat to money market funds? Will I stoically remain on course? Or will I cackle with excitement and urge my advisor to throw all the chips on the table at the bloody bottom of the wreckage?

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